Bulgaria’s gray economy increased sharply in volume and currently exceeds EUR 11.7 billion, the Chairman of the Bulgarian Industrial Association Bozhidar Danev announced. Bozhidar Danev specified that the analyses of BIA are based on estimates of the National Statistical Institute, Eurostat and other official institutions and that the real increase of the country’s gray economy is considerably bigger. The Bulgarian Industrial Chamber has proposed a series of measures, including simplification of the tax system and strengthening the analytical unit of the National Revenue Agency, in order to identify hidden turnovers, earnings, insurance payments and other violations.
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July 2-16, the Bulgarian news agency BTA reports. The last time such an operation was carried..
Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes. Metropolitan Gregory of Vratsa received 66 votes...
The enthronement of the newly elected Bulgarian Patriarch, Metropolitan Daniil of Vidin, is over. The new spiritual leader was welcomed in St...
It will be sunny on Monday. There will be light southeasterly wind in the eastern parts of the country. The hot weather continues with maximum..
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